Can I retire at age 30 with 2,470,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$203,970$202,153$200,381$198,651$196,961$194,985
2 years$100,975$99,095$97,272$95,505$93,791$91,801
3 years$66,648$64,760$62,942$61,191$59,505$57,562
4 years$49,488$47,605$45,805$44,085$42,439$40,559
5 years$39,195$37,323$35,547$33,861$32,262$30,450
6 years$32,335$30,477$28,727$27,079$25,528$23,786
7 years$27,436$25,595$23,872$22,263$20,761$19,090
8 years$23,765$21,939$20,246$18,676$17,223$15,623
9 years$20,910$19,102$17,438$15,908$14,504$12,975
10 years$18,628$16,838$15,202$13,713$12,358$10,898
11 years$16,762$14,989$13,384$11,934$10,629$9,237
12 years$15,208$13,454$11,878$10,468$9,211$7,885
13 years$13,894$12,158$10,612$9,242$8,032$6,772
14 years$12,769$11,052$9,535$8,204$7,041$5,844
15 years$11,795$10,096$8,609$7,316$6,199$5,064
16 years$10,943$9,263$7,805$6,551$5,479$4,404
17 years$10,192$8,531$7,102$5,886$4,858$3,841
18 years$9,526$7,883$6,484$5,304$4,319$3,358
19 years$8,930$7,306$5,935$4,793$3,850$2,943
20 years$8,395$6,789$5,447$4,341$3,439$2,583
21 years$7,911$6,323$5,010$3,940$3,077$2,272
22 years$7,472$5,903$4,618$3,582$2,758$2,000
23 years$7,071$5,521$4,264$3,262$2,476$1,763
24 years$6,705$5,172$3,943$2,975$2,226$1,556
25 years$6,368$4,854$3,652$2,717$2,003$1,375
26 years$6,058$4,562$3,387$2,485$1,804$1,216
27 years$5,771$4,293$3,145$2,274$1,626$1,076
28 years$5,505$4,046$2,924$2,084$1,468$952
29 years$5,258$3,817$2,721$1,911$1,325$844
30 years$5,028$3,604$2,535$1,754$1,197$748
31 years$4,813$3,407$2,363$1,611$1,083$663
32 years$4,612$3,224$2,205$1,480$979$588
33 years$4,423$3,053$2,058$1,361$886$522
34 years$4,246$2,894$1,923$1,252$802$463
35 years$4,080$2,745$1,798$1,153$727$411
36 years$3,923$2,605$1,682$1,062$658$365
37 years$3,775$2,474$1,574$978$597$324
38 years$3,635$2,351$1,474$902$541$288
39 years$3,502$2,236$1,381$831$491$256
40 years$3,377$2,127$1,295$767$445$227
41 years$3,258$2,025$1,214$707$404$202
42 years$3,145$1,929$1,139$653$366$180
43 years$3,037$1,838$1,069$603$332$160
44 years$2,935$1,752$1,003$557$302$142
45 years$2,837$1,670$942$514$274$126
46 years$2,744$1,593$885$475$249$112
47 years$2,655$1,521$831$439$226$100
48 years$2,570$1,452$781$405$205$89
49 years$2,489$1,386$734$375$186$79
50 years$2,412$1,324$690$346$169$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,470,000, adding $2,579 every year, while hoping to spend $20,702 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 71/17/12 Blend
29$2,470,000$2,470,000$2,470,000$2,470,000
30$2,724,600$2,593,690$2,555,405$2,911,010
31$2,980,483$2,698,754$2,618,985$3,139,932
32$3,261,771$2,808,273$2,684,000$3,387,670
33$3,571,036$2,922,442$2,750,478$3,658,310
34$3,911,107$3,041,467$2,818,444$3,954,106
35$4,285,104$3,165,563$2,887,926$4,277,540
36$4,696,463$3,294,954$2,958,950$4,631,345
37$5,148,970$3,429,875$3,031,543$5,018,528
38$5,646,797$3,570,571$3,105,732$5,442,400
39$6,194,541$3,717,299$3,181,545$5,906,607
40$6,797,266$3,870,328$3,259,007$6,415,163
41$7,460,551$4,029,938$3,338,148$6,972,486
42$8,190,545$4,196,423$3,418,994$7,583,444
43$8,994,022$4,370,090$3,501,572$8,253,395
44$9,878,447$4,551,259$3,585,910$8,988,240
45$10,852,046$4,740,268$3,672,035$9,794,478
46$11,923,880$4,937,466$3,759,973$10,679,266
47$13,103,937$5,143,223$3,849,753$11,650,487
48$14,403,220$5,357,922$3,941,401$12,716,821
49$15,833,854$5,581,966$4,034,944$13,887,833
50$17,409,200$5,815,775$4,130,408$15,174,052
51$19,143,980$6,059,791$4,227,819$16,587,082
52$21,054,419$6,314,473$4,327,203$18,139,699
53$23,158,391$6,580,303$4,428,585$19,845,981
54$25,475,595$6,857,787$4,531,992$21,721,432
55$28,027,738$7,147,451$4,637,446$23,783,135
56$30,838,740$7,449,848$4,744,972$26,049,904
57$33,934,957$7,765,556$4,854,594$28,542,469
58$37,345,434$8,095,180$4,966,335$31,283,666
59$41,102,177$8,439,352$5,080,216$34,298,653
60$45,240,454$8,798,735$5,196,258$37,615,144
61$49,799,129$9,174,023$5,314,482$41,263,675
62$54,821,031$9,565,940$5,434,907$45,277,886
63$60,353,351$9,975,246$5,557,552$49,694,840
64$66,448,096$10,402,737$5,682,433$54,555,371
65$73,162,575$10,849,244$5,809,568$59,904,470
66$80,559,939$11,315,638$5,938,969$65,791,704
67$88,709,779$11,802,831$6,070,651$72,271,689
68$97,688,784$12,311,777$6,204,626$79,404,598
69$107,581,462$12,843,475$6,340,902$87,256,731
70$118,480,938$13,398,973$6,479,489$95,901,139
71$130,489,835$13,979,364$6,620,393$105,418,313
72$143,721,240$14,585,795$6,763,619$115,896,941
73$158,299,774$15,219,466$6,909,168$127,434,741
74$174,362,766$15,881,635$7,057,040$140,139,387
75$192,061,550$16,573,617$7,207,233$154,129,521
76$211,562,895$17,296,791$7,359,742$169,535,871
77$233,050,575$18,052,599$7,514,558$186,502,483
78$256,727,109$18,842,551$7,671,671$205,188,079
79$282,815,669$19,668,231$7,831,066$225,767,554
80$311,562,187$20,531,294$7,992,727$248,433,625
81$343,237,679$21,433,476$8,156,632$273,398,645
82$378,140,799$22,376,594$8,322,756$300,896,611
83$416,600,664$23,362,550$8,491,072$331,185,364
84$458,979,953$24,393,337$8,661,545$364,549,026
85$505,678,341$25,471,042$8,834,139$401,300,674
86$557,136,260$26,597,852$9,008,811$441,785,300
87$613,839,067$27,776,055$9,185,514$486,383,058
88$676,321,620$29,008,050$9,364,197$535,512,853
89$745,173,329$30,296,348$9,544,801$589,636,293
90$821,043,719$31,643,580$9,727,263$649,262,040
91$904,648,565$33,052,502$9,911,513$714,950,614
92$996,776,645$34,526,001$10,097,475$787,319,675
93$1,098,297,187$36,067,099$10,285,064$867,049,857
94$1,210,168,078$37,678,965$10,474,192$954,891,182
95$1,333,444,904$39,364,916$10,664,760$1,051,670,141
96$1,469,290,916$41,128,429$10,856,661$1,158,297,493
97$1,618,988,013$42,973,146$11,049,783$1,275,776,856
98$1,783,948,840$44,902,880$11,244,000$1,405,214,178
99$1,965,730,130$46,921,628$11,439,182$1,547,828,174
100$2,166,047,393$49,033,579$11,635,185$1,704,961,825